A report by Royal London has revealed the battle faced by over a third of UK consumers. Day-to-day spending needs mean that many are finding it impossible to save for retirement. But there may be a solution in the form of one-off opportunities, if these can be identified in time: the savings ‘Moments of Truth’.
Following on from part 1, Neil Adams of Drewberry Wealth Management explains critical illness cover and how it differs from income protection. If you became unable to work due to illness, how best could you protect yourself and your family?
What’s the best way to protect yourself and your family if illness or injury stops you working? In this two-parter, Neil Adams of Drewberry Wealth Management explains the two key types of protection, and offers guidelines for ensuring that you are properly covered.
Few can climb the property ladder alone, and it’s not only couples who are making the ascent. But whether you’re buying as lovebirds or just housemates, it’s vital to understand how joint ownership works – or you could find that your dream home isn’t really yours after all. Most people who buy a home will
Numerous survey findings have revealed a gap between what people expect to spend in retirement and the actual income they are likely to receive. In particular, many are overestimating the state pension they’ll be entitled to. Armstrong Watson Financial Planning offers guidance on making a more realistic retirement plan. There probably isn’t a week that
Hundreds of thousands of people are eligible for a market-busting deal to provide a better retirement income. Yet as of April 2016 fewer than 4,000 had taken the opportunity. If you haven’t yet considered topping up your state pension, you have only until April 2017 to act. When the government made it possible for some people
Annuity rates are at record lows and long-term uncertainty looms in the wake of the Brexit vote. How can you plan your retirement income under these conditions? Pensions expert Billy Burrows offers his own five-move solution for taking back control. Since the country voted for Brexit on 23 June there has been both good and
It’s not easy for students on a budget at the best of times. Now the National Student Money Survey has revealed many are caught short by student finance to the tune of £250 every month. Here are some financial tips to help students and their parents.
Do you have a list of things to do before you die? Then spare a thought for the ones who stand to inherit your worldly goods. If you don’t want them landed with a hefty inheritance tax bill, make sure you include these gems of wisdom in your bucket. Get married! You can’t stay young,
Many pension providers are now insisting that scheme members take advice before accessing their benefits. More red tape? Far from it. Here’s why advice at retirement is not so much ‘optional extra’ as ‘must have’. Some phrases to make your blood boil. Ready? Booking fee. Processing charge. Would you like to reserve seats? Ticket postage.
Cash savings have their limitations. For a realistic chance of generating an income from your capital – especially in retirement – your adviser may recommend investing on the stock market. Investment trusts are one way to go about this – but what are they, and how do they work? An investment trust is a type
Many more of us are saving into workplace pensions – good! Very few of us take any further interest in those pensions – bad! By not looking more carefully at how your pension is invested, you could be missing out on tens or even hundreds of thousands of pounds in retirement. If you’re employed in
Britain’s children are losing out when it comes to tax-efficient saving. As part of TaxAction 2016 in partnership with Prudential, we explore the opportunities that are being missed, and reveal the single biggest advantage that children have over adults when it comes to long-term saving. At what age should children start saving? In their teens?